City Office REIT, Inc. (CIO)

City Office REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	168.89	171.13	179.1	180.49	164.04	160.84
Total Revenue	168.89	171.13	179.1	180.49	164.04	160.84
Revenue Growth (YoY	-4.92%	-4.45%	-0.77%	10.02%	1.99%	2.91%
Property Expenses	67.99	69.46	70	67.74	58.01	58.31
Selling, General & Administrative	15.22	15.2	14.84	13.78	15.49	10.69
Depreciation & Amortization	59.37	59.32	62.99	62.5	57.32	60.37
Total Operating Expenses	142.58	143.98	147.83	144.02	130.81	129.37
Operating Income	26.31	27.14	31.27	36.47	33.23	31.47
Interest Expense	-34.56	-34.34	-33.17	-27	-24.6	-27.69
EBT Excluding Unusual Items	-8.25	-7.2	-1.9	9.47	8.63	3.78
Gain (Loss) on Sale of Assets	-1.46	-1.46	-0.13	21.66	476.65	1.35
Asset Writedown	-8.46	-8.46	-	-13.44	-	-
Pretax Income	-18.17	-17.13	-2.04	17.68	485.28	5.13
Earnings From Continuing Operations	-18.17	-17.13	-2.04	17.68	485.28	5.13
Minority Interest in Earnings	-0.59	-0.56	-0.65	-0.69	-0.89	-0.6
Net Income	-18.76	-17.68	-2.68	16.99	484.4	4.53
Preferred Dividends & Other Adjustments	7.42	7.42	7.42	7.42	7.42	7.42
Net Income to Common	-26.18	-25.1	-10.1	9.57	476.98	-2.89
Net Income Growth	-	-	-	-96.49%	10600.13%	151.78%
Basic Shares Outstanding	40	40	40	42	43	47
Diluted Shares Outstanding	40	40	40	43	44	47
Shares Change (YoY)	0.54%	0.55%	-6.87%	-2.90%	-6.52%	7.33%
EPS (Basic)	-0.65	-0.63	-0.25	0.23	10.97	-0.06
EPS (Diluted)	-0.66	-0.63	-0.25	0.22	10.80	-0.06
EPS Growth	-	-	-	-97.96%	-	-
Dividend Per Share	0.400	0.400	0.500	0.800	0.650	0.600
Dividend Growth	-	-20.00%	-37.50%	23.08%	8.33%	-36.17%
Operating Margin	15.58%	15.86%	17.46%	20.21%	20.26%	19.57%
Profit Margin	-15.50%	-14.67%	-5.64%	5.30%	290.77%	-1.80%
EBITDA	85.58	86.34	95.33	99.04	90.89	91.82
EBITDA Margin	50.67%	50.46%	53.23%	54.87%	55.41%	57.09%
D&A For Ebitda	59.27	59.2	64.06	62.57	57.66	60.35
EBIT	26.31	27.14	31.27	36.47	33.23	31.47
EBIT Margin	15.58%	15.86%	17.46%	20.21%	20.26%	19.57%

Updated May 2, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q